Archer Limited (OTCMKTS:ARHVF – Get Free Report) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 580 shares, a drop of 96.5% from the August 31st total of 16,774 shares. Based on an average daily trading volume, of 308 shares, the short-interest ratio is presently 1.9 days.
Archer Stock Performance
Shares of ARHVF stock remained flat at $2.40 during midday trading on Friday. 100 shares of the stock were exchanged, compared to its average volume of 1,417. The business’s fifty day moving average price is $2.51 and its 200 day moving average price is $2.65. Archer has a 52 week low of $2.00 and a 52 week high of $3.17.
About Archer
Archer Materials Limited, which trades in the U.S. over-the-counter market under the symbol ARHVF, is an Australian technology company developing advanced materials and quantum technology applications. The company focuses on materials that may support next-generation computing, sensing and medical technologies.
Archer’s principal projects include its 12CQ quantum computing technology, which is designed around carbon-based materials for potential room-temperature quantum computing applications, and its Biochip platform, which is intended for electronic biosensing and diagnostic uses.
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